Treasury Ends Bank Bailouts With $29 Million Outlay

The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.

The aid comes from a $700 billion financial bailout program created last year during the height of the financial crisis.

The investments in the 10 banks are the last under Treasury's so-called Capital Purchase Program, Treasury officials said. By law, the Treasury must report the transactions — which occurred on Tuesday — within two business days.

Although the government anticipated winding down support for banks, Treasury Secretary Geithner recently extended the publicly derided bailout program, saying it will now focus on helping homeowners avoid foreclosures and small businesses get loans.

The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.The aid comes from a $700 billion financial bailout program created last...